Abu Dhabi National Energy Company (TAQA) reported a 53 percent jump in its net income to AED6.5 billion in the first nine months of 2022 over the same year-ago period.
The company also posted a 14 percent increase in group revenues to AED38.7 billion during January-September 2022 period.
The TAQA board of directors also declared an interim cash dividend of AED675 million, amounting to 0.60 fils per share.
This will be the third quarterly dividend payment planned for the financial year of 2022, in line with the company’s dividend policy.
Jasim Husain Thabet, TAQA’s Group chief executive officer and managing director, said the improved financial numbers could be achieved because of strong performance across all the group businesses.
Last year, TAQA launched its growth strategy for 2030, under which it committed to a 25 percent reduction of scope 1 and 2 GHG emissions by 2030 across the Group.
The company said since launching its ESG (environmental, social and governance) strategy 2030 last month, the Group has already received a two-grade uplift – from B to BBB – in its ESG risk rating by global organisation – MSCI.
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